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India's Meteoric Surge & Import's Implosion
India's steel exports soared 36.6% to 6.02 million metric tons during April-February, while imports plunged 37.4% to 5.6 million metric tons. Domestic consumption rose 7.2% to 147.7 million metric tons. Crude steel production jumped 11.2% to 153.61 million metric tons, exceeding consumption growth. The figures demonstrate India's strengthening position in global steel markets. The performance supports the nation's strategic target of 300 million metric tons annual steelmaking capacity by fiscal year 2030-2031. Government country-wise trade data will release later this month.
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